The appetite in the United Arab Emirates for cryptocurrency investment is growing, with younger Emiratis more bullish about digital assets than their Western counterparts, according to a study by financial services firm Holborn Assets.
Fast Facts:
- Roughly one in four (26%) of the 1,000-plus respondents in the survey view cryptocurrencies as offering “exciting investment opportunities,” and 45% are seeking more knowledge before they invest.
- Those aged between 18 and 24 are the most bullish on cryptocurrencies, with only 10% wanting them to be heavily regulated, versus 17% of older investors.
- Among the nationalities surveyed, Emiratis are the keenest group to invest in cryptocurrencies, at 33%, compared with Arab expats (23%), Asian residents (24%), and Westerners (19%).